[opportune]

It doesn’t need to be family money. Plenty of people have savings for 1y or so of living expenses (or much more) - the thing is, going that route requires a lot of conviction and commitment. You can also raise funding to cover their salary. IMO that commitment is what you want in a cofounder, rather than someone hedging their bets by continuing to work a day job.

If both parties were working day jobs it’d be less of a problem, also slightly less of a people if OP hadn’t invested a lot of their own time already, but I don’t think it makes sense to bring on a cofounder in this case. Compensate their efforts in equity sure, but giving founder level equity to someone investing much less time/risk could cause a lot of problems.

[iancmceachern]

You are right, ot doesn't have to be family money, but in pracrice it most often is:

https://www.google.com/amp/s/amp.theguardian.com/business/20...

[opportune]

yes, for Israeli entrepreneurs between the ages of 25 and 35

[iancmceachern]

Yes, and when we release a new drug we test it on Americans from a certain age range. It doesn't mean that the drug won't work for Canadiens too.

Proof and additional data from Berkeley:

Did you see the study? There is a whole study they did, it's not just the first paragraph or two with the anecdotes, there is meat later in the article that addresses your "plot holes"

Also see this data: "University of California, Berkeley economists Ross Levine and Rona Rubenstein analyzed the shared traits of entrepreneurs in a 2013 paper, and found that most were white, male, and highly educated. “If one does not have money in the form of a family with money, the chances of becoming an entrepreneur drop quite a bit,”

https://www.theatlantic.com/business/archive/2013/08/entrepr...